ChainCatcher reported that according to TechCrunch, Web3 beauty startup Kiki World announced the completion of a $7 million seed round of financing, with participation from a16z Crypto, Estee Lauder's New Incubation Ventures, OrangeDao and 2Punks Capital. Kiki World only helps consumers to co-create products with the help of Web3 technology, allowing community members to vote on the features they want before beauty products are produced.

According to the RootData page, KIKI World is building a future customer-owned beauty platform that provides physical beauty products and on-chain products. Users can vote for newly released physical beauty products, including virtual membership passes.